BoE Decision Boosts Dow Jones Industrial Average Futures

Analyst: Buy Zynga Ahead of Earnings Tonight

DJIA futures are signaling a positive start on stimulus news out of England

Dow Jones Industrial Average (DJIA) futures are comfortably above fair value this morning, with big central bank news out of the U.K. serving as a boon to global stocks. Specifically, the Bank of England (BoE) cut interest rates for the first time since 2009, to help "support the necessary adjustments of the U.K. economy during a period of heightened uncertainty" following the "Brexit" vote. In other news, weekly jobless claims in the U.S. came in just slightly higher than expected, and crude oil for September is holding just above the key $40-per-barrel level.

Options bulls may be disappointed, after Tesla Motors Inc (NASDAQ:TSLA) reported a quarterly per-share loss more than double what analysts expected, with revenue also falling short. Still, the shares are 0.3% higher ahead of the bell, perhaps on the promise of 50,000 vehicle deliveries in the second half of the year.

Oil-and-gas concern Chesapeake Energy Corporation (NYSE:CHK) is down 5.5% in pre-market trading, after the company reported a wider-than-predicted second-quarter loss, as well as revenue that fell far short of expectations. However, CHK upped its full-year production guidance.

A slimmer-than-expected second-quarter loss has Square Inc (NYSE:SQ) booming, up 19.4% ahead of the open -- set for its best day since its debut. No fewer than six analysts have already weighed in with upwardly revised price targets on the stock.